Market Overview for Streamr/Tether (DATAUSDT)

Summary
• Price declined from 0.0050 to 0.00494 over key 5-minute intervals, with bearish engulfing patterns forming.
• RSI dipped into oversold territory, suggesting potential reversal, while volume increased during downward moves.
• Bollinger Band contraction in the late session indicated tightening volatility ahead of a possible breakout.

Market Overview

Streamr/Tether (DATAUSDT) opened at 0.0050 on 2026-01-15 12:00 ET, reached a high of 0.0050, a low of 0.00472, and closed at 0.00494 on 2026-01-16 12:00 ET. Total 24-hour volume was 32.5 million, with a notional turnover of approximately 156,000 USDT.

Structure & Formations

The 5-minute chart displayed several bearish engulfing patterns between 18:00 and 19:15 ET, reinforcing a short-term bearish bias. A doji formed around 23:45 ET, indicating indecision near key support levels. The price found temporary support near 0.00472 before rebounding slightly in the early morning hours. The 20-period moving average on the 5-minute chart crossed below the 50-period line, signaling bearish momentum.

Moving Averages and Momentum

On the 5-minute chart, the 20-period MA was below the 50-period MA, suggesting short-term bearishness. The daily chart showed a longer-term bullish setup as the price remained above the 200-period MA. RSI hit oversold levels in the early morning, hinting at a potential bounce, while MACD remained negative but showed a slight upward turn after 05:00 ET.

Bollinger Bands and Volatility

Volatility was initially high during the late afternoon and early evening sessions, with prices bouncing between the bands. A contraction in Bollinger Band width occurred after 23:00 ET, indicating a period of consolidation and the potential for a breakout in the next 24 hours.

Volume and Turnover

Volume spiked during the downward leg from 0.0050 to 0.00486, confirming bearish momentum. Turnover aligned with volume spikes, showing no significant divergence. A smaller but sustained volume profile developed during the rebound phase, suggesting moderate buying interest but not strong enough to reverse the trend.

Fibonacci Retracements

The decline from 0.0050 to 0.00472 touched the 61.8% Fibonacci retracement level around 0.00484. A rebound from this level suggests that traders may be watching these retracement levels for possible support. The 38.2% retracement at 0.00495 was briefly tested but not held during the morning rally.

In the next 24 hours, Streamr/Tether could test key support near 0.00472 or see a rebound off the 38.2% Fibonacci level. Traders should monitor volume for confirmation and watch for any breakdown below the 61.8% level, which may signal a deeper bearish phase. As always, price action may deviate unexpectedly, so close monitoring is advised.